Mainstream economists and others speak of the Consumer Price Index as the measure of inflation. Yet, the CPI is nothing more ...

For more than a century, neoclassical theory dominated economic thinking. Neoclassical economics is a theory based on three key assumptions: individuals have rational preferences; individuals maximize ...

In a classic case of ‘they would say that, wouldn't they?’, economic textbook authors McTaggart, Findlay and Parkin have recently defended economics from the criticism that it failed in not predicting ...

economic development policy. As John Williamson, who coined the term, put it in 2002, these measures “are motherhood and apple pie, which is why they commanded a consensus”. Not anymore. Dani Rodrik, ...

Steve Keen is a fellow contributor here at Forbes so this isn't a declaration of all out jihad upon his ideas. Rather, it's to show that one of his contentions about economics and the economy might ...

Before I start, I want to say that I have not read Mises, Hayek or Rothbard. I arrived at these conclusions on my own. I also want to quote Buffett: It is better to be approximately right, than ...

JOURNALIST Christopher Hayes recently wrote an article in which he describes taking Allen Sanderson’s introductory economics course at the University of Chicago. Mr Hayes claims to have found the ...

This article was received from Project Syndicate, an international not-for-profit association of newspapers dedicated to hosting a global debate on the key issues shaping our world. For the 25 years, ...